Our Portfolio Products provide solutions to many borrowers who have been turned down for a loan. Â Â Here are 5 Examples -Problem -----------------> Solution 1) Recent Short-Sale or Foreclosure -
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Hi jspy777,
Either an agent or a Broker but select the one to work with that has a lot of experience with the foreclosure process as it is different from a normal sale.
I suggest that you interview a few agent/Brokers to determine their market experience and then choose the one who knows the foreclosure market well, is readily available during your time frames, and who you feel most comfortable with.
Good luck to you!
Laura Feghali
Prudential Connecticut Realty... more
What exactly is it you are looking for? And if you have more than one agent, that could be a big part of the problem. No one worth having is going to work on anything other than an exclusive basis. You should also know that there are a lot of off market properties in the city.... more
Emmy,
The unit at the Watermark is not for sale as of right now. This may change in the future. There aren't that many foreclosure condos in the city and when they do come on they go very quickly.
Regards,
Lizete... more
Financially distressed California homeowners who can no longer afford their homes and are pursuing a short sale or a deed in lieu of foreclosure, they may be eligible for financial help with their relocation
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Great News for Boomerang Buyers!According to new Mortgagee Letter 2013-26, HUD announced:As a result of the recent recession many borrowers who experienced unemployment or other severe reductions in income,
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A bit unsure of what you're asking....
If you got a loan modification approved already, and you still want to walk away....
Have you tried to do a short sale first? Although it takes several months to process, during that time, you can continue to live in the property while working out the sale. You have to prove hardship which can be a combination of many factors/reasons (loss of job, decrease in income, increased expenses, job relocation, family situations like divorce/separation/death, drop in market value, etc).
At least the effect on your credit won't be as devastating as a foreclosure or bankruptcy.
If you want to leave your place, you can do that while the house is being offered as a short sale. At least try that. There are agents who will be willing to work with you.
Another question for you: you identify yourself as both a buyer and a seller....are you buying a home now, and then walk away fron the one you have? If you're considering Buy and Bail, do note that is considered and treated as mortgage fraud.
Care to elaborate what you're thinking of doing?... more
Hi Alison,
Thank you for writing in. This is a great question. There are a few options available to the homeowner who is facing foreclosure. They are as follows:
For a temporary fix:
1. File Bankruptcy;
For a more permanent fix:
1. Contact your current lien holder to request a loan modification;
2. Contact your current lien holder to ask about a Deed in Lieu of Foreclosure;
3. Foreclosure.
I hope you find this information helpful.
Thank you,
Sandy... more
Without knowing what you are talking about,
and certainly, without trying to solicit your business;
I can tell you; NO!
The LISTING PRICE on every property is just a number that someone chose to start the process:
At the very least, the Value is changing on a daily and weekly basis.
But many LIST PRICES are not conjured with the Market Value in mind.
If you are truly interested; grab a Realtor and have them do a CMA to determine the Market Value:
Then you will have an idea of the WORTH of the property, as well as what it is worth to you!... more
11 Ways to Create a Welcoming Front Entrance for Under $100By: Cara Greenberg HouseLogic.com Wouldn’t it be nice to approach your home’s entrance with a grin instead of a grimace? Take our tips for
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Hi Dustin,
Trulia gets their foreclosure listings from RealtyTrac. They have a business partnership. I can't speak on the consumer reviews.
--
Sincerely,
Gina Landers, Broker, CDPE
DRE # 178500375 License # 01388614
Ph: 415.857.3241
Ce: 925.354.7878
Fx: 925.369.0310
ginalanders@gmail.com... more
Look at our website www.SFforeclosure.com Also if you can email us your criteria: area, size, price we can do a search for you and put you on our email alert list. 415-923-7628 info@sfforeclosure.com... more
S.F. MOST COMPETITIVE MARKET IN U.S.The San Francisco metropolitan area is the most competitive real estate market in the nation, with 87.9 percent of all offers on homes facing competition from other
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Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious:SHORT SALES FALL AS PRICES RISERising home prices may be prompting underwater homeowners to hold off on short
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FORECAST: 10% RISE IN HOME PRICES IN 2013Home prices will rise an average 10 percent this year and 8 percent next year, according to a forecast from Barclays analyst Stephen Kim, as reported in The
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